Ammunition Market Size to Reach USD 28.81 Billion in 2027 | Rising Emphasis on Self Defense Among Civilians And Increasing Investment in Arms and Ammunition are Major Factors Driving Industry Growth, says Emergen Research
Key players in the Ammunition market Smith & Wesson Holding Corp., Freedom Group, Orbital ATK, Sturm, Ruger, & Co., Inc., American Outdoor Brand Corporation, Thales Group, Lockheed Martin, General Dynamics Corporation, Beretta S.p.A., and Raytheon Company, among others.
Vancouver, British Columbia, March 10, 2021 (GLOBE NEWSWIRE) -- The global ammunition market size is expected to reach USD 28.81 Billion in 2027 and register a moderate CAGR during the forecast period, according to latest analysis by Emergen Research. Some key factors influencing market growth include increasing adoption of arms and ammunition for self-defense, rising incidence of domestic violence and terrorist activities, increasing interest in game hunting, sports and range shooting events and competitions, and availability of more cost-effective weapons and ammunition. Increasing adoption of advanced materials for manufacturing more lightweight weapons and ammunition is expected to open up advantages in terms of more fuel-efficient transportation.
In addition, major increase in cross-border conflicts, need to increase the number of armed law enforcement troops and personnel, addition of new taskforce battalions, and asymmetric warfare and inter-country border conflicts are some of the additional factors driving growth of the market to a significant extent. Furthermore, reduced manufacturing costs of various products, including guns, ammunition, and other weapons, with the help of advanced 3D printing systems, growing demand for smart guns, and increasing usage of polymer in the arms industry are some factors expected to open up more lucrative opportunities for players operating in the market.
Claim Your FREE Sample Copy with Table of content@ https://www.emergenresearch.com/request-sample/226
The global ammunition market landscape is expected to remain very competitive and highly fragmented, consisting of a number of small start-ups, medium enterprises, and large and well- established companies. Rapid technological advancements, newer developments, and higher diversification in offered products are expected to open up high revenue opportunities for innovative players in the market going ahead.
Some key findings in the report
In November 2019, Nammo announced the acquisition of Chemring Ordnance, which is a subsidiary company of Chemring Group. This would help Nammo strengthen its manufacturing capabilities in the United States.
The polymer segment revenue is expected to register the fastest CAGR of 6.3% over the forecast period owing to its higher efficiency in the manufacturing using 3D printing techniques and reduction in overall costing with higher applicability in sports and hunting applications.
Asia Pacific market revenue growth is led by major contribution of China, India, Pakistan, and South Korea respectively in budget allotment for defense and law enforcement grooming purposes. Besides, growing incidence of interpersonal stand-offs, asymmetric warfare, terrorist activities, domestic violence, along with higher economic development and enhancement in the manufacturing industry are some major factors driving market growth in the region.
Key players in the market Smith & Wesson Holding Corp., Freedom Group, Orbital ATK, Sturm, Ruger, & Co., Inc., American Outdoor Brand Corporation, Thales Group, Lockheed Martin, General Dynamics Corporation, Beretta S.p.A., and Raytheon Company, among others.
Check Our Prices@ https://www.emergenresearch.com/select-license/226
For the purpose of this report, Emergen Research has segmented the global ammunition market on the basis of type, end use, caliber, technology, lethality, component, materials used, and region:
Type Outlook $1
Bullets
Aerial Bombs
Grenades
Artillery Shells
Mortars
Launchers
Others
Total
End Use Outlook $1$1
Military
Law Enforcement
Hunting
Sports
Self-defense
Caliber Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Small
9mm
5.56mm
7.62mm
12.7mm
.338 Lapua Magnum
.338 Norma Magnum
14.5mm
Others
Medium
20mm
25mm
30mm
40mm
Others
High
60mm
81mm
120m
155mm
Others
Technology Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Guided
Unguided
Lethality Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Lethal
Less-lethal
Component Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Fuzes & Primers
Propellants
Bases
Projectiles and Warheads
Others
Materials Used Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Steel
Aluminum
Polymer
Others
Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends: https://www.emergenresearch.com/industry-report/ammunition-market
Regional Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
North America
U.S.
Canada
Mexico
Europe
Russia
UK
Germany
France
Italy
Spain
BENELUX
Asia Pacific
China
India
Japan
Pakistan
South Korea
North Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
MEA
Saudi Arabia
UAE
Israel
Rest of MEA
Take a Look at our Related Reports:
Topical Drug Delivery Market By Product Form (Semi-Solid, Solid Formulations, Transdermal Products, and Liquid Formulations), By Route (Dermal, Ophthalmic, Nasal, Others), By End-Use (Hospitals, Home Healthcare, Clinics, Diagnostic Centers, Burn Center), and By Regions
Medical Smart Textiles Market By Technology (Textile Sensors, Wearable Technology), By Application (Surgery, Bio-Monitoring, Therapy, and Wellness), By End-use (Hospitals and Clinics, Medical Academic and Research Center), and By Region
Operating Room Management Solutions Market By Solution Type (Data management and communication solutions, Operating room supply management solutions, Anesthesia information management solutions, Operating room scheduling solutions, Performance management solutions), By Mode of Deployment (Ob-premises, Cloud-based), By End-Use (Hospitals, Ambulatory surgical centers), and By Region
Patient Registry Software Market By Delivery, By Database, By Registry Type, By Function, By Software Type (Integrated, Standalone), By End-use (Government & Third-Party Administrators, Pharmaceutical Companies, Hospitals, Research Centers, Others), and By Region, Forecast to 2027
Ambulatory EHR Market By Deployment (Cloud-based, On-premises), By Practice Size (Solo Practices, Large Practices, Small-medium-sized Practices), By Application, By End-use (Independent Centers, Hospital-owned Ambulatory Centers, Others), and By Region, Forecasts to 2027
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Facebook | LinkedIn | Twitter | Blogs
Read Full Press Release: https://www.emergenresearch.com/press-release/global-ammunition-market